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Non-Tech : Kirk's Market Thoughts
COHR 159.34+18.3%3:59 PM EST
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To: Sun Tzu who wrote (14513)9/23/2022 12:03:19 PM
From: Kirk ©  Read Replies (1) of 26433
 
Sadly, the second H&S top pattern (dashed red) for this decline since the August peak is off my chart.... I discovered it last night doing a SPY chart for my newsletter.... yikes!
15% - 25% from a week ago - the 37% is max drawdown from the top. And that is the median. It's different every time.
We're pretty close to testing the low that was nearly 25% down...

There is also a H&S top from breaking my purple line but it projects higher so I don't show it.

I think some major bottoms were made in October.... but I'd settle for a late September bottom and not getting orders filled for all the cash I have... Good thing to have orders out (and in print - ie on the record) or I can chicken out!

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